We are all different: For some of us, it can be more than evident what our biggest passion is. Some may discover it at kids, and others might take a bit longer… but in between, there can be many, many places where we can seek for that sparkle missing in our lives. Our guest for today has been everywhere: he was a TV sports anchor, ran sports videography and recruiting business, got into the health and wellness world, fundraised for K-12, and more. But without knowing, Kyle Stanley found himself investing in real estate, here's why: he has been using Airbnb as a vehicle to pay for his mortgage for years.
If you think sales is a horrible thing and still want to hack your income, you better change your mindset right now. Kyle Stanley has been house hacking through Airbnb since 2014, using it to rent our private rooms inside his house. He is sure renting a room can significantly help you get some extra cash. Six months later, Kyle’s mindset changed and he realized he didn’t even have to own the real estate, but he could rent it out without owning it.
In this episode, we chat with Kyle about his background and why everyone is an innate salesperson, his big income hacking secret and how a mindset shift improved his real estate game. Plus, all about Airbnb, how to become an expert in the application, automate your Airbnb in a month and stay on top as a Super Host forever. Stay with us as Kyle shares his secret shopping list and furnishing budget, how to prepare everything for that very first Airbnb guest, and why that move can change your life forever.
“Once I got out of my comfort zone and understood the potential of Airbnb, big things started to happen.” - Kyle Stanley
Podcast summary:
02:47 - The hardest part of getting started and how Kyle made his first real estate dollar in just four months.
07:10 - Kyle’s background and why you are an innate salesperson.
09:45 - Kyle’s big income hacking secret and how a mindset shift improved his real estate game.
16:50 - A thousand dollars per property and Kyle’s golden double income hack.
20:26 - The Airbnb hoarder: how to become an expert and automate your Airbnb in a month.
23:13 - How to stay on top as a Super Host and Kyle’s thoughts on remote and local Airbnb managers.
25:09 - Why Kyle truly trusts Airbnb and how they can help you if a guest damages your property.
28:24 - Looking up the city’s rules, finding the perfect location and how to build a powerful cash-flowing machine.
31:40 - Kyle’s 100 USD filter and what you should do before sacrificing your Airbnb.
35:26 - The Cash Flow King: how to sell your work to landlords and close a juicy deal.
42:36 - Why Kyle is not looking forward to the amateur competition.
43:55 - Kyle’s shopping list, furnishing budget and preparing everything for that first Airbnb guest.
Connect with Kyle
Follow Fearless Flipping on Instagram - @fearlessflipping316
Check out Kyle’s Shopping List.
Episode Resources
How to Win Friends & Influence People by Dale Carnegie
Selling With Noble Purpose by Lisa Earl McLeod
Want to learn more?
Join Ryan on our next webinar to learn how you can start real estate investing with The Investor's Edge.
COMMENTS